We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Sirius XM (SIRI) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Sirius XM (SIRI - Free Report) ended the recent trading session at $22.66, demonstrating a -2.64% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.34%. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq appreciated by 0.42%.
Shares of the satellite radio company witnessed a gain of 0.71% over the previous month, beating the performance of the Consumer Discretionary sector with its loss of 0.7%, and underperforming the S&P 500's gain of 3.54%.
Investors will be eagerly watching for the performance of Sirius XM in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.79, signifying a 194.05% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.14 billion, down 1.23% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.71 per share and revenue of $8.52 billion, indicating changes of +52.25% and -2.02%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Sirius XM. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.43% higher. Sirius XM is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Sirius XM currently has a Forward P/E ratio of 8.59. This denotes a discount relative to the industry average Forward P/E of 30.9.
We can additionally observe that SIRI currently boasts a PEG ratio of 0.35. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Broadcast Radio and Television industry was having an average PEG ratio of 2.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 177, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Sirius XM (SIRI) Stock Sinks As Market Gains: What You Should Know
Sirius XM (SIRI - Free Report) ended the recent trading session at $22.66, demonstrating a -2.64% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.34%. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq appreciated by 0.42%.
Shares of the satellite radio company witnessed a gain of 0.71% over the previous month, beating the performance of the Consumer Discretionary sector with its loss of 0.7%, and underperforming the S&P 500's gain of 3.54%.
Investors will be eagerly watching for the performance of Sirius XM in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.79, signifying a 194.05% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.14 billion, down 1.23% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.71 per share and revenue of $8.52 billion, indicating changes of +52.25% and -2.02%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Sirius XM. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.43% higher. Sirius XM is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Sirius XM currently has a Forward P/E ratio of 8.59. This denotes a discount relative to the industry average Forward P/E of 30.9.
We can additionally observe that SIRI currently boasts a PEG ratio of 0.35. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Broadcast Radio and Television industry was having an average PEG ratio of 2.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 177, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.